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Ernest Thompson, others to face prosecution

The Economic and Organised Crime Office (EOCO) has indicted four persons, including Mr Ernest Thompson, the former Director-General of the Social Security and National Insurance Trust (SSNIT) for causing financial loss to the state in the Operating Business Suite (OBS) contract. The other three are former Head of IT Department, …

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Tier three is better than microfinance – NPRA

The National Pension Regulatory Authority (NPRA) has urged workers in the informal sector to patronise the Third-Tier voluntary pension scheme for a more secured financial wall. Mr Emmanuel Awuku Dagbanu, Corporate Affairs Manager of the NPRA said fund flexibility was guaranteed under the “Informal Sector” product of the Scheme and …

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Ghana’s reinsurance market remains untapped as insurance market premium was GH¢419m in 2017 – NIC

The reinsurance sector in the country largely remains untapped with a lot of room for growth in the provision of reinsurance capacity in the areas of oil and gas, marine, aviation and specialist liability risk. Mr. Justice Yaw Ofori, Commissioner of the National Insurance Commission (NIC) who disclosed this at …

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Government insures all GES workers – Minister

Government has secured a life insurance package with SIC Life Company (SIC Life) for all workers of the Ghana Education Service (GES). Under the package, any GES worker, who dies or falls ill critically would be given a sum cover up to GH¢10,000, depending on the medical report. Also, a …

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National Health Insurance Authority proposes special tax on sugary, alcoholic beverages

The National Health Insurance Authority is proposing a special tax on sugar-sweetened and alcoholic beverages as additional source of funding for the National Health Insurance Scheme. The new levy would be put on beverage companies, which would be taxed according to how much sugar is in their products and the …

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Health Insurance owes Swedru Ahmadiyya Hospital 15 months arrears

Dr Khan Rafi A. Sahibzada, the Medical Director of Agona Swedru Ahmadiyya Muslim Mission Hospital, says the continuous delay in payment of National Health Insurance Claims has become a major obstacle to the effective running of the health facilities. He said the assurance given by the President Nana Akufo-Addo in …

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Bank of Ghana to commence implementation of deposit insurance 

The Bank of Ghana will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018.      Parliament in 2016 passed the Deposit Protection Act, which seeks to establish a deposit insurance (DI) scheme to protect depositors in the event of bank failure.      The scheme, among …

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National Health Insurance CEO says NHIS is in ‘trouble’

Dr Samuel Annor, the Chief Executive Officer (CEO) of the National Health Insurance Authority (NHIA), has expressed concern about the dire financial state of Ghana’s National Health Insurance Scheme (NHIS). He said the Scheme which provided equitable access and financial coverage for basic health care services to the Ghanaian population …

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6,000 cocoa farmers register for insurance plan

Six thousand (6,000) cocoa farmers have been registered for the “Nyonkodo Farmer Life Plan”, an insurance scheme, launched by the Nyonkopa Cocoa Buying Limited for its loyal customers.      The scheme combines pension, funeral package and educational support for children of farmers. To qualify, the farmer should have done business …

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Need for more taxes to fund NHIS – Dr Baah

Dr Yaw Baah, Secretary General of the Trades Union Congress, has advocated the need for the citizenry to pay higher taxes to fund the National Health Insurance Scheme (NHIS) to make it more functional. He recounted his experiences on better healthcare systems in Norway and the United Kingdom saying healthcare …

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